Legal Question in Real Estate Law in North Carolina
Foreclosures
If I want to buy a foreclosured property at the county court house steps in auction, if I win the auction do I have to pay off all liens that are on the deed? Or is the deed delivered to me clear at time of auction?
Asked on 11/07/05, 12:39 pm
1 Answer from Attorneys
Michael Elliott
Elliott Law Firm, PC
Re: Foreclosures
The deed is delivered "as is." If there are any outstanding liens, not extinguished by the foreclosure, they will still be attached to the property. You should have a title search conducted before you bid on the property.
Answered on 11/07/05, 12:43 pm
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